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Waig Canadian Banks: Are Investor Expectations Getting Ahead of Fundamentals
While markets were trading near record highs at the end of 2021, several Canadian marijuana stocks, such as Aurora Cannabis TSX:ACB NYSE:ACB , underperformed broader indices. At the time of writing, ACB stock is down 94% from all-time highs, burning massive investor weal stanley us th in the process.Aurora Cannabis outlined a business transformation plan in 2020 to reduce manufacturing capacity and lower its cost structure. However, in this period, the cannabis producer has derived cost savings of just $60 million while its operating loss in the last 12 months is close to $270 million. Comparatively, its net loss is much higher at $604.1 million in the last four quarters.Further, the Canadian marijuana m stanley cup arket continues to expand, but Aurora Cannabis saw its quarterly stanley cup revenue shrink by almost 2% in the last three years.In order to offset its cash-burn rates, Aurora Cannabis raised equity capital multiple times in the last three years, which accelerated shareholder dilution. The company also discl Qvny On Sale! 3 Stocks to Consider Buying Now
Another week of 2014 is in the books, and for these three companies trading at 52-week lows, it was a week to forget.Sherritt International TS stanley nz X:S This coal, oil and nickel producer took a drop on February 20 and posted a new 52-week low of $2.82. Several factors ha stanley sverige ve culminated to bring the company to this position, including a 17% or $0.46 per share drop in Q4 revenues. These poor financials have led the company to cut its quarterly dividend to $0.01 form $0.043, this is expected to save the company $39 million in 2014. Another factor may be the recent announcement by Sherritt to disinvest its coal portfolio, what was once the companies largest segm stanley mugs ent will now be sold off to two different companies for $946 million.Cenovus Energy Inc. TSX:CVE NYSE:CVE Cenovus hit rock bottom on February 18 when the stock hit a new 52-week low of $28.25 as investors were quick to show their dissatisfaction with the company Q4 and year-end results. While revenues were up $1.8 billion from la |
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发表于 2024-9-27 20:20:09
发表于 2024-9-27 20:21:41
